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S&P 500 and Nasdaq drop sharply as renewed AI doubts spark tech selloff

By ChordNews · First written (new coverage )

S&P 500, Nasdaq end sharply lower as revived AI doubts ignite tech selloff
Image: channelnewsasia.com
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Summary

The S&P 500 and Nasdaq ended sharply lower as renewed doubts about artificial intelligence spending ignited a selloff in technology stocks. Channel NewsAsia reported the move, but its article was available only as a headline and link, so index levels beyond the headline are not included. Al Jazeera reported that the tech-heavy Nasdaq fell 2.6 percent as investors fretted over AI spending and debate continued over whether AI is a bubble. CNBC reported that markets were digesting the tech rout on Wall Street, with the Nasdaq Composite logging its worst day in three months on renewed doubts over AI spending.

This continues an earlier story: Questions grow over the AI stock market boom after the Nasdaq 100 drops 5.5%

Later: US tech stocks set to fall after Alphabet and Microsoft earnings fuel AI spending concerns

Timeline

  1. Channel NewsAsia

    Source ↗

    Reports that the S&P 500 and Nasdaq ended sharply lower as revived AI doubts ignited a tech selloff.

  2. Al Jazeera

    Source ↗

    Reports that the tech-heavy Nasdaq fell 2.6 percent as investors fretted over AI spending and debate rages over whether AI is a bubble.

  3. CNBC

    Source ↗

    Reports that the tech rout on Wall Street saw the Nasdaq Composite log its worst day in three months on renewed doubts over AI spending.

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